Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0568%/8h= +62.2% APRpaid last 24h +0.093%

Price spread now: edgeX against Pacifica−0.139%52s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs+$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.322% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.113%+$111 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.139%, 7d avg +0.003%

Together, before fees+1.265%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$126 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.142% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of +0.003%). If the spread goes back, that is −$14 on $10k: about 20 hours of funding at the current rate (+$17 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SNDK	1,789.4	0.0100	pay 0.0013% / 1h	42m 07s	$199K	$287K	10x
Short	edgeX SNDKUSDC	1,786.9	0.0668	get 0.0334% / 4h	42m 07s	$568K	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee edgeXbpOrdersPrice spread, now −0.139%Rate

Funding earned: $119.27
Price spread: −0.139% → +0.003%: −$14.24
Slippage, 4 orders: −$15.18
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $72.86
Costs to cover: 0.322%
Break-even: 2.7 days

Slippage from Pacifica: live order book, 16 min ago; edgeX: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 16 min ago	0.28 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 17 min ago	5.06 bp	9.6 bp −$10	11.1 bp −$111	47.0 bp −$4,704	doesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SNDK-USDT	−0.0120%	8h	1,789.3	−0.006%	$4.1M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0111%	1h	1,788.9	−0.029%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0106%	1h	1,790.4	+0.055%	$310K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,788.5	−0.052%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.2	−0.012%	$1.5M	$13.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.208%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.9	+0.026%	$21.8M	$37.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.9	+0.024%	$287.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.6	+0.065%	$32.5M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.9	+0.027%	$84.6M	$825.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,790.4	+0.053%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.6	+0.010%	$180.1M	$230.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.5	+0.006%	$43.8M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.3	−0.120%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.7	−0.099%	$12K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.7	+0.015%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.6	−0.047%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.9	+0.024%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789	−0.024%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.6	+0.010%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.4	+0.001%	$666	$37K	5x	as long as short
KuCoin SNDKUSDTM	+0.0019%	8h	1,788.8	−0.038%	$6.1M	$22.3M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.4	+0.056%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.9	+0.029%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.7	+0.016%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.589%	$36	$9K	12x	as long as short
tradeXYZ xyz:SNDK	+0.0035%	1h	1,789.9	+0.027%	$115.1M	$146.3M	10x	as long as short
Popdex SNDKUSDT	+0.0040%	1h	1,789.4	−0.001%	$246K	$647K	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.9	−0.144%	$313K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.3	+0.046%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.5	+0.003%	—	$581K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.6	+0.007%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	−0.013%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.2	−0.015%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788	−0.080%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.1	−0.018%	$1K	—	10x	as long as short
Pacifica SNDKlong	+0.0100%	1h	1,789.4	long leg	$199K	$287K	10x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.1	−0.077%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.6	−0.045%	$8K	$3K	20x	as long as short
edgeX SNDKUSDCshort	+0.0668%	4h	1,786.9	−0.139%	$568K	$353K	10x